Kingdom Muzic Family Inc

Analysis

Kingdom Muzic Family Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kingdom Muzic Family Inc reported income of $259k and spending of $203k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $259k (+1190%), an average of +1190% a year. The sharpest change came in the year to December 2023, when income rose by 1190%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kingdom Muzic Family Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Christ Transformation Ministries ($259k), American Remnant Mission Inc ($259k) and One Saved International ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $37k. At year end it held assets of $60k against liabilities of $2,478, net assets of $57k. It reported 6 employees.